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Quanex Building Products Corp - NX STOCK NEWS

Welcome to our dedicated news page for Quanex Building Products (Ticker: NX), a resource for investors and traders seeking the latest updates and insights on Quanex Building Products.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Quanex Building Products's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Quanex Building Products's position in the market.

News
Quanex Building Products to Acquire Tyman, Creating a Comprehensive Solutions Provider in the Building Products Industry
Rhea-AI Summary
Quanex Building Products announces the acquisition of Tyman, creating a comprehensive solutions provider in the building products industry. The acquisition accelerates Quanex's strategic roadmap, expands its product offering, enhances scale and global reach, and is expected to deliver material EPS accretion. The deal is valued at approximately $1.1 billion and aims to generate $30 million in annual cost synergies. The combined company will have a revenue of around $2 billion, offering a diverse range of engineered components across different segments. The acquisition is set to be earnings accretive and will unlock substantial value for both Quanex and Tyman shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.74%
Tags
acquisition
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News
Quanex Building Products Announces First Quarter 2024 Results and Provides Full Year 2024 Guidance
Rhea-AI Summary
Quanex Building Products Corporation (NYSE:NX) reported margin expansion, repaid $5 million in bank debt, and maintained a strong balance sheet and liquidity. Despite market challenges, the Company remains cautiously optimistic for the second half of 2024 and holds a positive long-term view on the residential housing market. Financially, Quanex's net sales decreased to $239.2 million in the first quarter of 2024, with improvements in gross margin and adjusted EBITDA. The Company's balance sheet shows a total debt of $65.2 million as of January 31, 2024, with a leverage ratio of 0.1x. Quanex expects net sales of approximately $1.1 billion and $145-150 million in Adjusted EBITDA for fiscal 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.44%
Tags
earnings
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News
Quanex Building Products Declares Quarterly Dividend
Rhea-AI Summary
Quanex Building Products Corporation (NX) declares a quarterly cash dividend of $0.08 per share, payable on March 29, 2024, to shareholders of record on March 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.06%
Tags
dividends
News
Quanex Building Products Announces First Quarter 2024 Earnings Release and Conference Call Schedule
Rhea-AI Summary
Quanex Building Products Corporation (NX) plans to release its first quarter 2024 results on March 7, 2024, with a conference call scheduled for March 8, 2024. Participants can pre-register for the call and access the live webcast on the Company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.21%
Tags
earnings
-
News
Quanex Building Products Announces Fourth Quarter and Full Year 2023 Results
Rhea-AI Summary
Quanex Building Products Corporation (NYSE:NX) reported record earnings and margin expansion across all operating segments. The company repaid $40 million in bank debt in the quarter, with a strong balance sheet and liquidity. However, net sales decreased by 3.9% for the three months ended October 31, 2023, and by 7.4% for the twelve months ended October 31, 2023 due to market volume softness and lower pricing in North America.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.92%
Tags
earnings
-
News
Quanex Building Products Declares Quarterly Dividend and Announces Planned Chairmanship Transition
Rhea-AI Summary
Quanex Building Products Corporation (NYSE:NX) declared a quarterly cash dividend of $0.08 per share on the Company’s common stock, payable December 29, 2023, to shareholders of record on December 19, 2023. Additionally, the Board has determined that George L. Wilson, the Company’s President and CEO, will become Quanex’s Chairman of the Board, effective February 27, 2024, replacing current Chairman William C. Griffiths.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.42%
Tags
dividends
News
Quanex Building Products Announces Fourth Quarter and Fiscal Year 2023 Earnings Release and Conference Call Schedule
Rhea-AI Summary
Quanex Building Products Corporation (NYSE: NX) will release its Q4 and fiscal year 2023 results on December 14, 2023, with a conference call scheduled for December 15, 2023. The live audio webcast link will be available on Quanex's website, and participants can pre-register for the call. A replay will also be accessible on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.89%
Tags
earnings
-
News
Quanex Building Products Announces Third Quarter 2023 Results and Updates Full Year 2023 Guidance
Rhea-AI Summary
Quanex Building Products Corporation reports record earnings and margin expansion in Q3 2023. Net sales decreased by 7.5% due to softer market demand and lower pricing in North America. The company repaid $25 million in bank debt and has a strong balance sheet. Adjusted EBITDA guidance for fiscal 2023 is increased to $150-155 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.27%
Tags
earnings
-
News
Quanex Building Products Declares Quarterly Dividend
Rhea-AI Summary
Quanex Building Products declares $0.08 per share cash dividend
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
Tags
dividends
News
Quanex Building Products Announces Third Quarter 2023 Earnings Release and Conference Call Schedule
Rhea-AI Summary
Quanex Building Products Corporation plans to release its third quarter 2023 results on August 31, 2023. A conference call is scheduled for September 1, 2023, to discuss the release. Participants can pre-register for the conference call. A replay will be available on the company's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.5%
Tags
earnings
Stock NX logo
Quanex Building Products Corp

NYSE:NX

NX Rankings

#2342 Ranked by Market Cap
#953 Ranked by Stock Gains
#1838 Ranked by Dividends

NX Stock Data

1.19B
32.40M
1.31%
99.39%
1.84%
Framing Contractors
Construction
Link
US
Houston

About NX

building strength for our customers at quanex building products, our customer’s success is our priority. whether seeking a special component to bring a new product to market, technical support to make a production process more efficient, or creative marketing support to drive awareness, we have the knowledge base and experience to lead the largest and smallest providers to success. with unparalleled expertise in energy efficiency and sustainability standards, integrated systems design and product development, marketing, production equipment and processes, we enhance the value our customers can offer to their customers. quanex works hard to listen to customers and anticipate future needs. our vision is to be the supplier of choice in the markets we serve and we are committed to building strength in our people, systems and processes.